Cryptocurrency mining is both power and heat intensive. In the case of the latter, miners have been known to flock to countries like Iceland, as well as cities like New York. Texas based blockchain-based platform, TMGcore, is showing that this doesn’t have to be the case.

According to Dallas News, the company uses custom-built mining rigs and a tested patented cooling method to ensure that their mining operations are not location-dependent. In fact, the company will soon be moving to a 150,000-square-foot data center in the city of Plano, Texas to set up shop. Read more...

As more and more people join the cryptocurrency conversation, Bitcoin mining has been thrust into the limelight. And just like everything surrounding this inherently controversial industry, it’s shrouded in misconceptions. Bitcoin mining is disastrous for the environment. It’s expensive. It’s draining the earth’s natural resources. These are all valid arguments, but they are based on blinkered statistics.

It takes a lot of power to mine Bitcoin and other cryptocurrencies; that’s no lie. But when we hear cries of “A single Bitcoin uses 32 terawatts of energy each year!” and “Mining Bitcoin can power 3 million US households,” we conveniently ignore the bigger picture. Read more...

Even a decade ago, television was the sole king of advertising, while the internet had to take its dust together with billboards and radio ads. Over the years, however, the situation has changed: last year, online advertising has outgrown television for the first time in history, with more than $ 200 billion spent on ad campaigns on the internet.Read more...

Binance is set to open trading for select TrueUSD (TUSD) trading pairs on Friday, May 18th, at 4:00 am (UTC). The USD-pegged stablecoin will only be tradable against Bitcoin (BTC), Ethereum (ETH), and the exchange’s own Binance Coin (BNB).

Like Tether, Only Regulatory Compliant

TUSD is a stablecoin designed to match the US dollar at a one-to-one ratio, meaning one TUSD roughly equates to one USD, in terms of valuation.

The BTC markets have rallied to test resistance at the $ 10,000 area. Despite gaining 60% in just four weeks, BTC’s recent gains have been significantly overshadowed by those produced by many top performing cryptocurrency markets, including Bitcoin Cash – which has gained more than 225% since it’s early April lows.

BTC Markets Produce Four Consecutive Green Weekly Candles

The price of BTC has continued to make consistent gains, bouncing by almost 60% from the recent low of roughly $ 6,400 to the current prices of $ 9,600. When measuring the bounce in relation to the bear trend of early-2018, we can see that the price of BTC appears to be trying to consolidate at the 0.236% retracement area. Read more...

A new open-source think tank oriented around blockchain technology has been formed and has announced its first initiative, JOBS Crypto Offering, which aims to solve the regulatory issues surrounding initial Coin Offerings (ICO).

Cryptocurrency trading firm Coinbase has entered into talks with the U.S. Securities and Exchange Commission about registering as a licensed broker-dealer firm and electronic trading venue, The Wall Street Journalreported on Friday, April 6, 2018.

The move comes just as U.S. regulators have begun clarifying their stance on virtual currencies. Testifying before the Senate on February 6, 2018, SEC chairman Jay Clayton made it clear that he considered all initial coin offering (ICO) tokens to be securities. Read more...

The decentralized social media platform Minds is making moves to implement the Ethereum blockchain into its core features. After launching in 2015, Minds.com has quickly grown to one million registered accounts and over 73 million unique page views.

Now, the project is taking decentralization even further with the launch of the Minds Crypto Social Network. This evolution of the platform will make it a fully functioning dApp running on the Ethereum blockchain for both mobile and web devices, replete with a white paper to outline this direction and the specifications of the project’s next step. Read more...

New York State Assembly legislator Ron Kim (D-40) has unveiled a bill that intends to protect cryptocurrency investors and ease the bureaucratic burden on crypto-related businesses. It’s the first comprehensive cryptocurrency bill in New York to make it past studies and commissions and into the hands of the legislative branch. Kimintroduced the legislation on March 13, 2018, after he met with blockchain industry leaders on the subject.

Known as The New York Cryptocurrency Exchange Act (A9899), the bill relates to “the audit of cryptocurrency business activity by third party depositories and prohibits licensing fees to conduct such cryptocurrency business activity.”Read more...

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On today’s show:
Today I am with Rune Christensen who is the founder of https://makerdao.com and the price stable Dai token.

With all the uncertainty around the sustainability of the Tether project but at the same time tons of people using it, I thought it was time to introduce some alternatives into the conversation.

We reached out to Rune, which is rare, normally guests come to us, and he was kind enough to join me for a chat.